Cash inheritance - with a difference - what to do?

[anonymous-user]

Sheepshanks said:

What you suggest is possible, but you can worry too much. If the OP is married, there's much more chance of him getting divorced with all the financial impact that entails, than his mum going into a care home.

[tgr]

Thanks Sheepshanks - that was precisely our thinking. We wanted to get her out of the family home before a fall on the stairs or something like that made things a lot worse. The flat is small but warm and has a lift - two actually

[Rangeroverover]

student property for c£900,000 will bring you in about 70,000pa net

[JulianPH]

Mr Pointy said:

tgr said:

I will try to set up conversations with IFAs but I have very little experience with them except one whose advice I couldn't really understand, so frankly I'm a little bit scared I'll be a sitting duck for poor advice!

Make an appointment to speak to Nik at IM - you have literally nothing to lose by doing so. There's no cost other than an hour on the phone & if you do talk to other IFAs then at least you'll be better informed. Be wary as they will all be desperate to get their hands on £450k/900k to "manage" for you.

Under the circumstances I could not agree more.

An IFA is only going to be interested if they can rape you for charges.

Nik will just go over all of your options, let you know the pros and cons of each (in plain English) and you will very quickly come to your own decision without having paid anyone a penny.

As a footnote, I am obviously generalising about IFAs. There are some good ones.

I wish you the very best.